817 Tallmadge AveAkron, OH 44310

Property Details for 817 Tallmadge Ave

Year built

1959

Lot size

1.98 AC

Property size (Sq ft)

16,650 SF

Property type

Other commercial real estate

Property subtype

Showrooms

APN

68-55545

APU

6855545

Description

Prime Akron, Ohio industrial warehouse investment opportunity, priced at $1,650,000. This property boasts two buildings situated on a 2.39-acre lot at 817 E. Tallmadge Avenue, Akron, OH 44310. Recent upgrades include a new roof with warranty, fresh interior paint, and energy-efficient LED lighting throughout. The larger building features three loading docks, four drive-in doors with heights ranging from 8 to 14 feet, and a small office area equipped with a brand-new water heater. The smaller building, currently leased until the end of 2024, includes two drive-in doors. Both buildings benefit from readily available public utilities. This property presents a compelling investment opportunity due to its strategic location, recent renovations, and the potential for future income generation from the smaller building upon lease expiration. The property's size and features make it suitable for a variety of industrial uses. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $4,654,680

  6.5%

  $4,296,628

  7%

  $3,989,726

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,924,751

  Geo Method

  $3,924,751

• Alternative Use

  Use

  Valuation

  Residential

  $3,624,366

  Hospitality

  $3,319,900

  Educational

  $2,762,118

  Medical

  $2,857,112

  Retail

  $4,296,628

Location Insight

City

Akron

County

Summit

State

Ohio

Latitude

41.1035

Longitude

-81.4855

CBSA code

10420

CBSA name

AKRON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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